Walgreens, Rite Aid to Sell 865 Stores to Fred’s

Merger efforts between Walgreens Boots Alliance (NASDAQ: WBA) — the largest U.S. pharmacy chain — and Rite Aid (NYSE: RAD) — the No. 4 chain — have taken an important step forward. The two companies agreed to sell 865 Rite Aid locations to smaller peer Fred’s (NASDAQ: FRED) for $950 million in cash. …read more